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Inverness Commercial Property on Highway

8929 E GULF TO LAKE HIGHWAY Inverness, FL 34450

8929 E GULF TO LAKE HIGHWAY, Inverness, FL, 34450
$335,000
For Sale
Claim this Listing
$335,000

Renovated commercial property with highway frontage and lake access.

Property Size4,010 SF
Lot Size0.78 Acres
Price / SF$83.54
AddedApr 3, 2025
Days on Market470
Last RefreshJul 15 at 3:45 pm

Property Features for 8929 E GULF TO LAKE HIGHWAY

General Information

Standard status
Active
Size
4,010 SF
Lot size
0.78 Acres
Property subtype
Commercial/Industrial

Building Details

Year Built
1972

Listing office Century 21 J.W.Morton R.E.

Listing date Apr 3, 2025

Source Exitrealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Century 21 J.W.Morton R.E.


Investment Insights

Based on property information with market context.

Located in Inverness, Citrus County, Florida, this renovated commercial property offers a unique investment opportunity. The 4,010-square-foot concrete block structure, originally a mechanics facility, has been modernized for various commercial uses. It features three 10’x12’ grade-level roll-up doors, 12-foot ceiling heights, and 3-phase electric power. A two-story build-out provides flexibility for office use or potential live/work arrangements. Recent updates include a new roof and comprehensive interior renovations. Situated on a 0.78-acre lot with over 300 feet of visibility along Gulf to Lake Highway (SR 44), the site sees approximately 18,000 vehicles daily. Zoned Coastal Lakes Commercial (CLC), the property allows for diverse commercial applications, including marine and automotive service facilities, contractor operations, retail establishments, and restaurant or bar concepts. The property's rear access to the Tsala Apopka Chain of Lakes, Citrus County’s largest freshwater system encompassing over 22,000 acres and 15 interconnected lakes, provides direct water access for marine-related services and recreational uses. The property is 3.2 miles from Downtown Inverness, 9.1 miles from Floral City, 20.8 miles from Crystal River, and 21.3 miles from The Villages. Citrus County has approximately 153,600 residents and is projected to reach nearly 350,000 by 2030. The property's highway frontage, utility infrastructure, and water access position it for long-term viability across multiple commercial verticals, such as a marine repair operation, automotive service center, contractor headquarters, or a waterfront restaurant.

Key Highlights

  • Direct access to the Tsala Apopka Chain of Lakes, offering unique waterfront commercial opportunities.
  • High‑traffic location on State Road 44 with approximately 18,000 vehicles passing daily.
  • Fully renovated 4,010 sq ft commercial building with 3‑phase electric power, roll‑up doors, and 12‑foot ceilings.

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $39.9k $9.96
− Vacancy −$2.2k −$0.55
EGI $37.7k $9.41
− OpEx −$11.3k −$2.82
NOI $26.4k $6.59
4,010 SF · lease $9.96/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Retail
$550.4K
$481.6K – $642.1K (±1% cap)
NOI $38,526 @ 7.0% cap · market cap 11.50%
Second Best
Industrial
$377.4K
$330.3K – $440.3K (±1% cap)
NOI $26,420 @ 7.0% cap · market cap 7.89%
Theoretical Best
Specialty Retail
$901.0K
$788.4K – $1.05M (±1% cap)
NOI $63,073 @ 7.0% cap · market cap 18.83%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Automotive properties

Suggested Use

Building Supply Restaurant (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Plumbing Service Garden Center Electronics & Wireless Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Automotive property - Renovated commercial property with highway frontage and lake access.
Where is this automotive property located?
The property is located at 8929 E GULF TO LAKE HIGHWAY Inverness, FL.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Direct access to the Tsala Apopka Chain of Lakes, offering unique waterfront commercial opportunities.; High‑traffic location on State Road 44 with approximately 18,000 vehicles passing daily.; Fully renovated 4,010 sq ft commercial building with 3‑phase electric power, roll‑up doors, and 12‑foot ceilings.
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